%0 Report
        %A Kooreman, Peter
        %T Rational Students and Resit Exams
        %D 2012
        %8 2012 Sep
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 6832
        %U https://www.iza.org/index.php/publications/dp6832
        %X Resit exams – extra opportunities to do an exam in the same academic year – are widely prevalent in European higher education, but uncommon in the US. I present a simple theoretical model to compare rational student behavior in the case of only one exam opportunity versus the case of two exam opportunities. Numerical examples for a wide range of plausible parameter values show that a second exam opportunity increases the ultimate passing probability only slightly, but strongly reduces average total student effort.
        %K education production function
%K frequency of examinations
%K rationality